Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Metalore Resources Ltd V.MET

Alternate Symbol(s):  MTLRF

Metalore Resources Limited is a mining exploration company. It is engaged in natural gas production and gold exploration in Ontario. It owns and/or controls over 40,000 acres of petroleum, natural gas and mineral leases in Charlotteville and Walsingham townships in Norfolk County, Ontario. The natural gas is produced from 83 wells in two townships in Norfolk County, Ontario and is distributed to 150 commercial and residential customers along gathering pipelines via a cooperative agreement with Enbridge Gas Inc. It is involved in joint venture exploration with Equinox Gold Greenstone Gold Mines on the Brookbank gold properties, Thunder Bay mining district. It retains a 21-26% Joint Venture interest in 600 gold mining claims in the prolific Beardmore-Geraldton gold belt held by operator Greenstone Gold Mines. It retains a 1% NSR on the main gold-bearing property of 18 leased claims. It explores Northwestern Ontario for gold, copper, zinc, lithium, platinum-group elements and diamonds.


TSXV:MET - Post by User

Bullboard Posts
Post by Dave4444on Jul 12, 2007 9:42am
360 Views
Post# 13076370

Interesting company, and I like the

Interesting company, and I like thegold results, but I do not think the controlling shareholder will be willing to do what it takes to bring the gold property into production. It will require drilling and money and that means issuing shares and the majority shareholder hates to issue shares. Therefore he will just keep slowly picking away at the property for years. To bad, I know of ways to not issue shares, but still develop the gold property on its own, but it would take some creative thinking.
Bullboard Posts